GP Industries’ profit rises by almost 63% YoY in H1

Revenue increases were seen in its battery and audio businesses.

GP Industries’ total profit attributable to equity holders increased by 62.9% year-on-year to $14.5m during the first half of the year.

This is compared to the $8.9m profit recorded in the same period last year.

Revenue particularly increased by $6m or 1.1% to $570.5m, driven by a 0.6% and 3.0% growth in its battery business and audio business revenues, respectively.

In terms of geographical markets, GP’s sales to the Americas and Asia increased whilst sales to Europe declined.

Basic earnings per share stood at $0.029.

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